Sales of Ballard, Seattle houses and townhomes are up big for June of 2009. Compared to the same month in 2008, total sales are up 19%, and sales of single family homes are up 17%. These are significant improvements in a comparable seasonal sales category.
Homes in Ballard are also selling faster than ever. There's no way to describe the Ballard market right now except as "hot". Median days on market was just 14 days for all townhomes and houses, and single family homes had a median marketing time of just 12 days. These are some of the fastest sale times we've seen anywhere in Seattle or King County.
The Ballard real estate market seems to have inherited the perfect storm. It's an attractive and entertaining neighborhood for young buyers, prices are fairly reasonable for first-time buyers, and the $8000 tax credit is pushing many of these first time buyers off the fence. Nearly half of our current first-time buyer clients are buying homes in the Ballard area for its combination of downtown Seattle proximity and affordable housing in a lively, urban environment.
Ballard, Seattle homes for sale
Numbers based on MLS data - total sales numbers may vary slightly. The Northwest Multiple Listing Service did not compile or publish this information.
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